Ocean View, Delaware, July 10, 2017 (GLOBE NEWSWIRE) --
The industry growth report “Nitrocellulose Market Nitrocellulose Market Size By Application (Automotive Paints, Printing Inks, Leather Finishes, Wood Coatings, Nail Varnish), Industry Analysis Report, Regional Outlook (U.S. Germany, France, UK, China, India, Japan), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” by Global Market Insights, Inc. says Nitrocellulose Market share generated over 185 kilotons volume in 2015 and is estimated to surpass USD 940 million by 2023.
Rising application scope in printing, leather, automotive and furniture industries due to its benefits associated with quality measures will stimulate global nitrocellulose market size growth. Excellent adhesive and high flexibility are the considerable properties supporting product innovations. Rise in demand from wood coatings, leather finishes, automotive paints, nail varnish and printing ink will fuel the industry growth.
Global nitrocellulose market is estimated to observe industry gains at around 7% by 2023. Increasing printing usage particularly in packaging and e-commerce industries will drive the product demand. Rapid urbanisation, industrialization along with rising population are driving factors for growth in printing ink demand. Nitrocellulose components are widely used in printing inks. Printing was one of the leading application and generated more than 50 kilotons volume in 2015.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/386
Rising flexographic and gravure inks applications in packaging industry will enhance the nitrocellulose market demand. Flexographic and gravure inks generated more than USD 850 million revenue in 2015. Technical innovations lead to increasing applications in explosives and gunpowder owing to its considerable features. Automotive paints market size will exceed USD 170 million, with over 5% CAGR up to 2023. Increasing automobile industry expansion particularly China, India, Thailand and Indonesia accompanied by regulatory compliance through incentives and subsidies will drive the automotive application scope.
Leather manufacturing industries will enhance the overall nitrocellulose market growth with increasing nitrocellulose uses in finishing applications. Leather industry is estimated record over 35 kilotons up to 2023. Shift in preference for nitrocellulose paints is observed as they are easy to use & apply and well-suited with wide range of extracts. Its substantial properties including high adhesive, quick dry and aesthetic appeal will drive wood polishing in furniture industry. Increasing computer uses and growing digitization causing reduction in printing ink usage may hamper the industry growth. Stringent regulations by FDA and EU on transportation owing to its highly inflammable properties are major challenges as it increases the operational costs.
Browse key industry insights spread across 119 market data tables & 13 figures & charts from the report, “Nitrocellulose Market Size 2016 – 2023” in detail along with the table of contents:
Rising e-commerce exposure and increasing consumer consciousness about online shopping aided the furniture applications, which in turn will support product penetration. North America, driven by the U.S. nitrocellulose market will observe gains at over 5% by 2023. U.S wood coating applications will value more than USD 28 million revenue up to 2023.
Global nitrocellulose market will witness notable gains with its improving performance parameters including glossy appeal, high adhesion, quick dry and flexibility. APAC nitrocellulose market is the major contributor and is estimated to grow at over 8% up to 2023. Increasing end-use industry expansion including leather, printing and automotive industry will drive the regional demand.
Europe, led by UK, Germany, and France, will witnesses sluggish gains due to strict government regulations. Germany automotive paints market size will generate above 3 kilotons, accounting for over 4% CAGR by 2023. In Germany, the automotive paints applications will register growth rate with 3% CAGR during estimated time frame.
Global nitrocellulose market share is highly fragmented with large presence of regional companies competing with MNCs. Dow Wolff, Tembec and Nitro Quimica are the notable industry participants. Increasing regional companies operating in unorganized sector has led MNCs to extend product portfolio and involve in partnership with local distributors to improve the geographical coverage. Atomax Chemicals, TNC Industrial, IVM Chemicals, EURENCO and Synthesia are the other companies.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/386
Browse Related Reports:
Carboxylic Acid Market size was worth more than USD 13 billion in 2015 and will increase with an estimated gain of 5%. Global carboxylic acid market size growth is expected to be driven by the rising demand of vinyl acetate monomer or VAM, on the account of increasing demand of vinyl ester resins used to coat the surfaces of materials used to store and package food items and beverages. Vinyl esters, in turn, are produced by reaction of acetic acid with the corresponding vinyl acetate monomer (resin).
Powder Coating Market size was over 1,900 kilo tons in 2015, and will witness gains at over 6% CAGR from 2016 to 2024. Rising applications across end-use industries such as automotive, industrial, and consumer goods will drive the powder coating market demand. Stricter government regulations about VOC emissions will further boost the growth. These are solvent free, eco-friendly and emit less volatile organic compounds when compared with liquid paints
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Connect with us: Facebook | Google+ | LinkedIn | Twitter